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Samsung, Sony Plan to Make More LCDs

Updated April 28, 2008 12:01 a.m. ET

Samsung Electronics Co. and Sony Corp. agreed to spend nearly 1.8 trillion won ($1.8 billion) to expand manufacturing capacity of liquid-crystal displays amid increasing global demand for LCD televisions. The expansion announcement comes eight months after the electronics giants' joint venture, S-LCD Corp., began making eighth-generation LCDs and three years after it began making LCDs for the companies. The new manufacturing line will be built in the Tangjeong complex southeast of Seoul, South Korea, and production is set to start in...